Problems caused by Under population - Australia
For a named country you have studied, describe and explain the problems caused by under-population . ->Though USA and Australia are not very different in size, Australia has fewer than 25 million people compared to 300 million people in USA. To develop the country economically, Australia started to attract migrants from other countries which raised the Population to 23 million from 3.7 million in 1901. ->Low level of Production and low value of exports – The Oil production is 4.82 billion barrels per day compared to 9.02 billion barrels per day. The value of exports is US$258.8 billion compared to US$1.564 trillion. ->Shortage of workers : Due to low fertility and replacement rates and with ageing population retiring, this problem is noticed and has led to lower optimum productivity. Boston Consulting Group has released a report predicting a shortfall of 2.3 million workers by 2030. -...